Glossary of Advanced Planning Terms

A

  • Advance Directive: A legal document that outlines a person’s wishes regarding medical treatment in case they become unable to communicate.
  • Advance Care Planning (ACP): The process of discussing and documenting healthcare preferences for future medical care.
  • Aging in Place: The ability to live in one’s own home safely and independently as they age.
  • Anatomical Gift: The donation of one’s organs, tissues, or body after death for medical research or transplantation.

B

  • Beneficiary: A person or entity designated to receive assets, benefits, or proceeds from a will, trust, insurance policy, or retirement account.
  • Burial Permit: A document required by law that authorizes the burial or cremation of a deceased person.

C

  • Capacity: The ability to make informed decisions regarding personal, financial, and medical matters.
  • Care Proxy: A person legally designated to make healthcare decisions on behalf of someone who is unable to do so.
  • Cremation: A process that reduces a body to ashes using high heat.

D

  • Death Certificate: An official document issued by the government certifying the date, location, and cause of death.
  • Do Not Resuscitate (DNR) Order: A medical order stating that no resuscitative measures should be taken in case of cardiac or respiratory arrest.
  • Durable Power of Attorney (DPOA): A legal document granting an individual authority to make financial or healthcare decisions on behalf of another person.

E

  • Elder Law Attorney: A lawyer specializing in legal matters affecting older adults, including estate planning, guardianship, and Medicaid planning.
  • Estate: The total assets and liabilities a person leaves behind after death.
  • Estate Plan: A set of legal documents detailing how an individual’s assets and affairs should be managed and distributed after death.
  • Executor: A person appointed in a will to manage the estate and carry out the deceased’s wishes.

F

  • Funeral Planning: The process of arranging services, ceremonies, and final disposition for a deceased individual.
  • Funeral Trust: A financial arrangement that allows funds to be set aside specifically for funeral expenses.

G

  • Guardian: A person appointed to make personal, medical, or financial decisions on behalf of someone who is unable to do so.
  • Guardianship: A legal process in which a court appoints a guardian for a minor or an incapacitated adult.

H

  • Healthcare Proxy: A legal document allowing someone to make medical decisions for another person in case of incapacity.
  • Hospice Care: Specialized care focused on comfort and quality of life for individuals with terminal illnesses.

I

  • Informed Consent: The process of understanding and agreeing to medical treatments or procedures after receiving all relevant information.
  • Interment: The burial or entombment of human remains.
  • Intestate: The condition of dying without a legal will, resulting in asset distribution according to state laws.

L

  • Last Will and Testament: A legal document specifying how an individual’s assets should be distributed after death.
  • Legacy Planning: The process of preparing how personal values, wealth, and other important aspects of one’s life will be passed on to future generations.
  • Living Trust: A legal arrangement where assets are placed in a trust and managed for beneficiaries during and after one’s lifetime.
  • Living Will: A legal document specifying a person’s medical treatment preferences in the event they cannot communicate.

M

  • Medical Power of Attorney: A legal document appointing someone to make healthcare decisions on behalf of another person.
  • Memorial Service: A ceremony honoring a deceased person, often without the body present.
  • Mortuary: A facility where deceased individuals are prepared for burial or cremation.

P

  • Palliative Care: Specialized medical care focused on providing relief from symptoms and stress of serious illness.
  • Per Stirpes: A legal term indicating that if a beneficiary predeceases the will-maker, their share is passed to their descendants.
  • Pre-Need Funeral Plan: An arrangement in which funeral services are planned and paid for in advance.
  • Probate: The legal process of validating a will and distributing assets.

R

  • Residuary Estate: The portion of an estate remaining after debts, taxes, and specific bequests have been fulfilled.
  • Revocable Trust: A trust that can be altered or revoked by the trustor during their lifetime.

T

  • Testamentary Trust: A trust created by a will that takes effect upon the will-maker’s death.
  • Trust: A legal arrangement in which assets are held and managed by a trustee for beneficiaries.
  • Trustee: A person or institution appointed to manage a trust’s assets.

W

  • Ward: A person under the care of a guardian appointed by a court.
  • Widow’s Pension: A financial benefit provided to a surviving spouse after the death of their partner.
  • Witness: An individual who observes and signs a legal document to confirm its validity.